Form 4: CDW Corp Director Marc Ellis Jones Reports Acquisition of Restricted Stock Units

Director Marc Ellis Jones reports acquisition of restricted stock units in CDW Corp under the Long-Term Incentive Plan.

Summary

• On March 6, 2024, Marc Ellis Jones, a director of CDW Corp, acquired 718 restricted stock units under the CDW Corporation Long-Term Incentive Plan.
• These restricted stock units vest on the first anniversary of the grant date.
• Settlement into shares of CDW Corporation common stock is deferred until the earlier of separation from service on the Board of Directors or five years following vesting.
• Following the reported transaction, Jones beneficially owns 1,709.95 shares of CDW Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating a stable and ongoing operation. The sentiment is neutral to slightly positive as it suggests continued alignment of management interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.

Future Outlook

Settlement of the restricted stock units into shares of CDW Corporation common stock is deferred until the sooner of separation from service on the Board of Directors or five years following vesting.

Industry Context

This filing is a routine disclosure of stock-based compensation for a company director, which is a common practice in publicly traded companies to incentivize and retain key personnel.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially driving long-term value creation.

Key Dates